Sweet Leaf Madison Capital's Preferred Vendor Program Helps Light The Way For Florida Cannabis Operator

Sweet Leaf Madison Capital has announced that it is providing Gold Leaf Florida LLC with financing for a major purchase of horticultural LED lighting through FOHSE, a manufacturer of grow lights in the SLMC Preferred Vendor Program.

Gold Leaf is affiliated with Gold Leaf MD, a Maryland cannabis company that has successfully operated a dispensary and delivery service in Annapolis. Gold Leaf secured one of only 22 Medical Marijuana Treatment Center licenses in the state of Florida.

“Operating a successful company is difficult in the best of circumstances,” stated Mark Seid, founder and executive vice president of Gold Leaf. “However, cannabis companies face many unique challenges. One of the biggest is how hard it can be to access financing for purchasing equipment, like lights. SLMC stepped in to help us when we needed it most, and FOHSE is one of the best light manufacturers in the industry. Our business relies upon great cultivation, and this financing helps ensure that we will have the best cultivation facilities in the state.”

Andrew Kaye, chief commercial officer of SLMC, stated: “The team at Gold Leaf is absolutely top-notch. They come with vast experience in the exciting new cannabis frontier, and it’s great to collaborate with FOHSE to provide their clients access to our services. We created the Preferred Vendor Program specifically to help businesses like Gold Leaf that have urgent equipment needs to manage their cash flows, but lack access to traditional financing. We cannot wait to see how Gold Leaf’s business in Florida grows.”

Photo by Richard T on Unsplash

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